Facing the Global Environment is a forum about broad issues, and developments in the Bank ' s global environment work. In addition to the Global Environment Facility (GEF) portfolio review, the report reflects the Bank ' s collaboration with GEF to integrate...
See More +Facing the Global Environment is a forum about broad issues, and developments in the Bank ' s global environment work. In addition to the Global Environment Facility (GEF) portfolio review, the report reflects the Bank ' s collaboration with GEF to integrate global environmental concerns, into the regular Bank project and sector work. The report first illustrates key events, and developments, such as the Third GEF Council Meeting, and special news, to then examine highlights of the portfolio review on biodiversity, climate change, ozone protection, and international waters activities. At its third Council Meeting, held February 1995, the Council approved the proposed work program on climate change and biodiversity; confirmed that when GEF funds are allocated for project preparation, the recipient government is to endorse / approve the project concept and proposal prior to inclusion in the work program; endorsed the technical aspects of the scope and preliminary operational strategy for International Waters; the Council endorsed the scope and preliminary operational strategy for land degradation. Pending discussion of the GEF operational strategy to be reviewed at the July council meeting, the Council approved the program priorities for 1995 and the project eligibility criteria, subject to proposed amendments. Finally, the Council recommends continued guidance will be given to the implementing agencies by the Secretariat to facilitate the development of appropriate projects.
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